user
Write a response that appropriately completes the request.

### Instruction:
Explain the term "net worth" as it relates to finances.

### Response:
assistant
Net worth is a term that describes an individual's financial health and refers to the value of their assets minus their liabilities. It is an important factor in assessing one's financial stability and can be used to measure financial progress over time. Assets include income, savings, investments, and real estate, while liabilities would include debt, loans, and other financial obligations.